Potential transactions

From Street Talk in the AFR:

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Elsewhere, sandalwood grower Quintis will enlighten shareholders as soon as Tuesday on its current situation, ending the information vacuum that started with its extended voluntary suspension last month.​

Two potential transactions are on the table, one of which is linked to its Goldman Sachs-advised founder Frank Wilson whose determination to pursue a proposal "as soon as practicable" in March was arguably premature.​

Perhaps more importantly for the doubters (of which there are many) the company will provide a cash position as of May 31. It is currently harvesting mature trees and undertaking planting of new ones.​

The weeks of suspension has not helped restore confidence in the former TFS after its hostile and ultimately accurate targeting by short sellers.​

Quintis' disclosure could not come at a better time: it is the start of the most crucial month of the year for the company in terms of income from plantation sales on which it is still reliant.​

two potential transactions - debt for equity swap and a convertible maybe? Any cash predictions? Product sale projections? Expectations of whether the company will extend the suspension? Anyone actually believe the Frank can come up with the reddies or is this just another shenanigan? Where's Galderma Frank!?​